Swiss Life investment group raises 151 million
The Swiss Life Investment Foundation's Real Estate Switzerland Old Age and Health investment group raised CHF 151 million when it opened - more than twice as much as originally planned.
According to the Swiss Life Investment Foundation, the subscription result for the Real Estate Switzerland Old Age and Health investment group amounted to CHF 330 million before reductions. Due to the "high demand from almost one hundred investors and a promising acquisition pipeline", it was decided to increase the original subscription volume of CHF 67 million to a total of CHF 151 million as part of a second opening.
According to Stephan Thaler, Managing Director of the Swiss Life Investment Foundation, the investment group's assets have thus increased to almost 200 million. The additional funds are earmarked for the purchase of two apartment buildings in Zurich's Seefeld district. According to Swiss Life, these are multi-generational properties with extensive service offerings. (ah)
